Idaho Strategic Resources Q2 EPS $0.03 Beats $0.01 Estimate, Sales $3.24M Miss $3.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Idaho Strategic Resources (AMEX:IDR) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $0.01 by 200%. This is a 142.86% increase over losses of $(0.07) per share from the same period last year. However, the company's quarterly sales of $3.24 million missed the analyst consensus estimate of $3.40 million by 4.79%. This is a 37.28% increase over sales of $2.36 million the same period last year.
August 14, 2023 | 10:37 am
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Idaho Strategic Resources beat Q2 earnings estimates but missed on sales. This mixed result could lead to volatility in the stock's price.
While the company beat earnings estimates, which is generally a positive signal for the stock, it missed on sales, which is a negative signal. These mixed results could lead to uncertainty and volatility in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100